Prosper: 100% Transparency for a Better Market
Why Financial Transparency Is Important
At Prosper, we feel you are the best person for assessing your own personal risk vs. reward ratio for healthy returns. But to do this, you need the right data presented in the right manner. Nothing less will do.
This is why we're such strong advocates for financial transparency and always have been. We're striving to kick off a new era in prudent financial planning—one that helps both you and the market thrive.
Our Core Values at Prosper
Transparency - We feel that access to open, unbiased financial data is essential to a healthy market. One only needs to look at what happened under the broken system of opaque transactions and outright secrecy to realize that method doesn't work long term. Prosper takes a bold new approach: We show you everything—the good and the bad. With this wealth of financial advisory information, you'll be able to make better decisions regarding your own investment comfort level.
Simplicity - A wealth of information will do you little good, however, if it's presented in a confusing manner. To further aid you, we explain your potential rewards (and yes, risks as well) in a clear, upfront manner for the effective alternative investment management you're seeking. Whether you're a registered investment advisor, or just starting to explore investing, we give you the straight, plain English information you need.
Freedom – By using the data we provide on our borrowers, you're empowered to make the choices you feel are right—all from your family office in your bathrobe if you like. Prosper holds no stake in which investments you choose (or the way you dress) while on our marketplace. You're free to make your investment selections individually, or through our loan portfolio plans.
Vigilance - Be aware, investing through us carries risks. However, Prosper remains extremely proactive against fraud and takes immediate action should any occurrence happen within our community. This includes helping authorities track down those who default on loans, while securely and staunchly protecting your privacy.
Community - Prosper provides you with more than investment opportunities. Many of our members enjoy the strong social component that comes with helping others in our community marketplace. We talk to one another, sharing our ideas and hopes for a better financial future. Join us.
How Does Prosper Work?
Prosper lenders bid on listings and purchase Prosper Notes. Each Prosper Note corresponds to a listing which sets forth the relevant details about the loan, including loan amount, price, yield percentage, and borrower information. Any payment from a Prosper Note is dependent on payments Prosper receives on the corresponding loan.
The Notes that correspond to specific borrower listings are offered pursuant to the prospectus. Investors should read the complete description of the Notes and risks associated with making an investment in the Notes as well as other information about us and our platform in the prospectus.
Prosper Notes are risk bearing and speculative investments for suitable investors only. If a borrower fails to make payments on the corresponding borrower loan related to your Prosper Note, you will not receive payments on your Note. There is the potential that you will not receive any payments on a Prosper Note. You should review the Prospectus before bidding on loans. Not FDIC-insured. Notes may lose value. No Prosper or bank guarantee.
